Brazilian operator Oi has started issuing the Oi Wallet, the first reloadable pre-paid card on the local market, in partnership with Banco do Brasil and Cielo. It works with both the mobile phone and the traditional card, providing mobility, convenience and cost control. The product allows users to make purchases at over a one million authorised Cielo sales points; to make pre-paid Oi top-ups and to transfer money to other customers. It is also possible to make withdrawals at ATMs from Banco do Brasil and corresponding banks.
The launch will be carried out in stages and is currently available to selected customers. Transactions happen via S@t
Push technology, in which the messages are encrypted and not stored in the mobile. The monthly fee for Oi's new service is BRL 8.
Source: Telecom Paper.